Core Viewpoint - Music Licensing, Inc. and its subsidiary Pro Music Rights are considering legal action against Representative Scott Fitzgerald and legacy performing rights organizations for allegedly false and defamatory statements aimed at suppressing independent competition in the U.S. music licensing market [1][2][5] Group 1: Legal Actions and Responses - Pro Music Rights and Music Licensing, Inc. reject a recent Congressional letter, claiming it contains politically motivated and factually inaccurate assertions about their business and commitment to independent music creators [2] - The company is exploring all available legal remedies in response to what it perceives as attacks on the integrity of lawfully operated businesses [5] - Chairman Jake P. Noch is evaluating legal action against Representative Fitzgerald for statements he believes are anti-Semitic and damaging to his reputation [9][10] Group 2: Market Integrity and Competition - The company argues that Fitzgerald's request for a Federal Trade Commission investigation is based on selective claims from industry players threatened by PMR's market presence [3] - PMR maintains that it has consistently disclosed its licensing practices and market share, countering claims of deceptive practices [4] - The MIC Coalition, which includes various corporate interests, is accused of advocating for reduced music licensing costs while undermining fair compensation for creators [7] Group 3: Commitment to Independent Creators - PMR positions itself as the only PRO that disrupts the status quo and advocates for fair treatment of historically marginalized creators [8] - The company emphasizes the importance of fair engagement with independent songwriters and rightsholders, criticizing the portrayal of their works as "worthless" [11] - Music Licensing, Inc. and Pro Music Rights are committed to defending independent creators and ensuring fair compensation through advocacy and litigation [12] Group 4: Company Overview and Market Position - Music Licensing, Inc. is recognized as the fifth public performance rights organization in the U.S. and licenses music to major platforms such as TikTok and iHeartMedia [13] - Pro Music Rights holds an estimated 7.4% market share in the U.S., representing over 2.5 million works by notable artists [14] - The company also holds royalty interests in a vast portfolio of musical works by globally renowned artists [15]

Core Viewpoint - Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is applying for qualification under the new OTCID Basic Market structure to enhance transparency and regulatory compliance while engaging with the investor community [2][4]. Group 1: Company Overview - Music Licensing, Inc. is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, recognized under the federal registry [5][11]. - The company licenses music to major platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo [5][11]. Group 2: Market Position - Pro Music Rights holds an estimated 7.4% market share in the United States, with a catalog of over 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, and Pharrell [6][12]. - The company also holds royalty interests in the Listerine® "Mouthwash" Antiseptic brand and a vast portfolio of works by globally recognized artists like The Weeknd, Justin Bieber, and Rihanna [7][13]. Group 3: Regulatory Compliance and Future Plans - By pursuing OTCID Basic Market status, the company reaffirms its commitment to corporate transparency and aims to maintain eligibility under SEC Rule 15c2-11 [4][8]. - The transition to OTCID Basic Market is viewed as a proactive step to better serve shareholders and the broader market [4][8].